Procure-to-Pay
Capital Projects
October 31, 2019
Why You Should Care About P2P?
February 10, 2020Why P2P?
P2P = Procure-to-Pay P2P system is a fully integrated and automated end-to-end business process, which starts with suppliers, continues with ordering and receiving, and ends with payment. The front end begins with suppliers who offer products and services at negotiated and contracted prices. A business then initiates the automated shopping and ordering process for food, operating supplies and equipment (OS&E), services, and furniture, fixtures and equipment (FF&E). The generation of purchase orders, approvals, receiving, invoicing and payment are processed in the system, which ends with approved to pay invoice vouchers that are integrated into an accounts payable or ERP system.
At CedarCreek Systems, we simplify the way Clubs order, receive and pay for goods.
Our software is cloud-based, utilizing the convenience of no installation, immediate access anywhere, anytime, and real-time pricing for accurate costs. CedarCreek’s current clients connect to more than 200,000 suppliers to buy their goods from start to finish through their private marketplaces with eProcurement and AP Automation modules. The Inventory Control module ties directly into purchasing, as does Capital Budget Management. For companies with restaurants, the Recipe Management System connects with purchasing, accounting and inventory. CedarCreek clients have wide flexibility to configure their own marketplace with their suppliers, as well as to understand their business from different angles, create reports and analyze spend data. This enables better decision making, maintaining compliance and improved business processes.
How big is the compliance gap between your current business performance and your desired business performance?
We explore your business process improvement (BPI) gaps and analyze your business processes.
Compliance gaps to determine return on investment (ROI) could be: contracted suppliers and products, invoice approval, purchase order approval, inventory master list maintenance, GL coding accuracy, budget, recipe products and preparation, menu consistency, capital budget management, OS&E planning and budgeting, AP approvals, tax and freight capture, product and service consistency, use of business intelligence for planning, accurate receiving, purchase order/receiving and invoice matching.
IMPLEMENTATION
Business analysis. Marketplace development. Project management. Supplier adoption. QA Testing. Go Live!
TRAINING
On site. Webinars. Corporate contact. Self-guided videos. Quick guides and user guides.
CUSTOMER SUPPORT
Help is always available.
Benefits of P2P
CedarCreek’s software uses a cloud-based Software-as-a-Service procure-to-pay platform, which focuses on improving business processes using eProcurement, AP Automation, Inventory Control, Spend Analytics, Recipe Management and Capital Budget Management.
IMPROVING YOUR BUSINESS PROCESSES.
CedarCreek’s solution helps automate and track procurement procedures, providing instant online visibility into all purchasing, inventory and payment related activities.
IMPROVING ROI AND COST SAVINGS
“In one property, the ROI was immediate, with annualized savings of $18,500 for a single hotel in the first day of go-live.” -Hilton Worldwide
STRATEGIC PARTNERSHIPS
Avendra. BirchStreet Systems. Fintech. BancTec. Avero. iGate. Infosys. The Integration Center.
Why CedarCreek?
CedarCreek’s procure to pay system is uniquely designed to help the club Industry to maximize spend coverage. The platform and technology connect customers with their suppliers to improve efficiency, increase transparency, provide accountability, strengthen financial controls, resulting in significant business process improvements and cost savings.
The CedarCreek Advantage:
- Catalog management and exposure provides real-time pricing. Robust catalog connection with over 200,000 suppliers for current clients in 78 countries worldwide.
- Real-time on demand business intelligence.
- Private CedarCreek Marketplaces provide client security and flexibility.
- Integrated modules on one common architecture and design. All modules – eProcurement, Accounts Payable, Recipe Management, Capital Budgets, Spend Analytics and Inventory Control – are all connected to catalogs and each other.
- Design, development, implementation, training, support and sales are in-house “under one roof.”
- Customer-centric culture incorporating “innovation by collaboration” with clients driving R&D.
- Experience and proven best practices with local, enterprise and global customer base.
- Cutting edge budgeting tools, including Drilldown Checkbook, Advanced Workflow Approvals and Punch-Out Interfaces.
